Revenue increased to R12.5 billion (R10.1 billion). Net operating profit rose to R2.8 billion (R2.5 billion). Net attributable profit rose to R7.7 billion (R5.2 billion). In addition, headline earnings per share from continuing operations grew to 1 738c (1 478cps). Dividend A final ordinary dividend of 500cps has been declared. Outlook Greater emphasis will be placed to create and maintain a safe, healthy and environmentally friendly working environment. The group's consolidated results for 2012 will continue to be impacted by the trading levels of the local currency and the AUD against the USD. At 31 December 2011 Exxaro had USD200 million of hedging in place at an average exchange rate of R7.56 for the local operations as well as USD17 million at an average rate of USD0.97 to the AUD for the Australian operation. The coal business will continue to focus optimising and growing its market position in the supply of coal to Eskom as well as the other domestic and export markets while considering alternatives to increase export volumes. Continued reliable performance from TFR and a progressive increase in allocation at the Richards Bay Coal Terminal remain paramount. International coal prices are expected to decrease in 2012 along with lower coking prices while volumes to Eskom and AMSA Ltd. should remain stable. Mineral sands' short to medium term focus remains the granting of relevant regulatory approvals for the construction of Fairbreeze, as well as the finalisation of the New Tronox transaction. Feedstock prices should increase significantly supported by higher demand. A recovery in demand for Zircon is also expected in the second quarter of 2012. Base metals finalisation of the sale of Rosh Pinah to a subsidiary of Glencore International AG is expected in the second quarter of 2012, whilst the future application of the Zincor plant is still under investigation.